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CenterPoint Energy（CNP）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是CenterPoint Energy的1.5倍（$3.8B vs $2.4B），ServiceNow净利率更高（12.4% vs 10.8%，领先1.6%），CenterPoint Energy同比增速更快（10.7% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $-707.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs -3.1%）
CenterPoint Energy是总部位于美国得克萨斯州休斯敦的公用事业企业，位列《财富》美国500强，为印第安纳、俄亥俄、路易斯安那、明尼苏达、密西西比、得克萨斯六州多个区域的用户提供电力及天然气公用事业服务，曾使用Reliant Energy、Houston Industries等名称开展业务。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
CNP vs NOW — 直观对比
营收规模更大
NOW
是对方的1.5倍
$2.4B
营收增速更快
CNP
高出7.9%
2.8%
净利率更高
NOW
高出1.6%
10.8%
自由现金流更多
NOW
多$2.4B
$-707.0M
两年增速更快
NOW
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.8B |
| 净利润 | $264.0M | $469.0M |
| 毛利率 | — | 75.1% |
| 营业利润率 | 22.2% | 13.3% |
| 净利率 | 10.8% | 12.4% |
| 营收同比 | 10.7% | 2.8% |
| 净利润同比 | 6.5% | -53.7% |
| 每股收益（稀释后） | $0.40 | $1.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CNPNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.4B | $3.6B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $2.0B | $3.2B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.9B | $2.6B |
净利润CNPNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $264.0M | $401.0M | ||
| Q3 25 | $293.0M | $502.0M | ||
| Q2 25 | $198.0M | $385.0M | ||
| Q1 25 | $297.0M | $460.0M | ||
| Q4 24 | $248.0M | $384.0M | ||
| Q3 24 | $193.0M | $432.0M | ||
| Q2 24 | $228.0M | $262.0M |
毛利率CNPNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | 99.9% | 77.3% | ||
| Q2 25 | 99.9% | 77.5% | ||
| Q1 25 | 100.0% | 78.9% | ||
| Q4 24 | 100.0% | 78.7% | ||
| Q3 24 | 99.9% | 79.1% | ||
| Q2 24 | — | 79.0% |
营业利润率CNPNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 22.2% | 12.4% | ||
| Q3 25 | 25.2% | 16.8% | ||
| Q2 25 | 21.4% | 11.1% | ||
| Q1 25 | 22.0% | 14.6% | ||
| Q4 24 | 21.9% | 12.6% | ||
| Q3 24 | 22.9% | 14.9% | ||
| Q2 24 | 24.5% | 9.1% |
净利率CNPNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 10.8% | 11.2% | ||
| Q3 25 | 14.7% | 14.7% | ||
| Q2 25 | 10.1% | 12.0% | ||
| Q1 25 | 10.0% | 14.9% | ||
| Q4 24 | 11.3% | 13.0% | ||
| Q3 24 | 10.4% | 15.4% | ||
| Q2 24 | 12.0% | 10.0% |
每股收益（稀释后）CNPNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.40 | $-4.77 | ||
| Q3 25 | $0.45 | $2.40 | ||
| Q2 25 | $0.30 | $1.84 | ||
| Q1 25 | $0.45 | $2.20 | ||
| Q4 24 | $0.37 | $1.84 | ||
| Q3 24 | $0.30 | $2.07 | ||
| Q2 24 | $0.36 | $1.26 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $548.0M | $2.7B |
| 总债务越低越好 | $20.6B | — |
| 股东权益账面价值 | $11.2B | $11.7B |
| 总资产 | $46.5B | $24.4B |
| 负债/权益比越低杠杆越低 | 1.84× | — |
8季度趋势，按日历期对齐
现金及短期投资CNPNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $548.0M | $3.7B | ||
| Q3 25 | $616.0M | $2.7B | ||
| Q2 25 | $776.0M | $3.1B | ||
| Q1 25 | $1.9B | $3.4B | ||
| Q4 24 | $585.0M | $2.3B | ||
| Q3 24 | $643.0M | $1.9B | ||
| Q2 24 | $543.0M | $2.2B |
总债务CNPNOW
| Q1 26 | — | — | ||
| Q4 25 | $20.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $20.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CNPNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $11.2B | $13.0B | ||
| Q3 25 | $11.0B | $11.3B | ||
| Q2 25 | $11.0B | $10.9B | ||
| Q1 25 | $11.0B | $10.1B | ||
| Q4 24 | $10.7B | $9.6B | ||
| Q3 24 | $10.5B | $9.3B | ||
| Q2 24 | $10.4B | $8.7B |
总资产CNPNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $46.5B | $26.0B | ||
| Q3 25 | $45.0B | $21.8B | ||
| Q2 25 | $44.1B | $22.1B | ||
| Q1 25 | $44.5B | $21.0B | ||
| Q4 24 | $43.8B | $20.4B | ||
| Q3 24 | $42.9B | $18.4B | ||
| Q2 24 | $41.0B | $18.2B |
负债/权益比CNPNOW
| Q1 26 | — | — | ||
| Q4 25 | 1.84× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $774.0M | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $-707.0M | $1.7B |
| 自由现金流率自由现金流/营收 | -29.0% | 44.2% |
| 资本支出强度资本支出/营收 | 60.7% | — |
| 现金转化率经营现金流/净利润 | 2.93× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $-2.4B | $4.8B |
8季度趋势，按日历期对齐
经营现金流CNPNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $774.0M | $2.2B | ||
| Q3 25 | $742.0M | $813.0M | ||
| Q2 25 | $560.0M | $716.0M | ||
| Q1 25 | $410.0M | $1.7B | ||
| Q4 24 | $889.0M | $1.6B | ||
| Q3 24 | $136.0M | $671.0M | ||
| Q2 24 | $576.0M | $620.0M |
自由现金流CNPNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-707.0M | $2.0B | ||
| Q3 25 | $-480.0M | $578.0M | ||
| Q2 25 | $-569.0M | $526.0M | ||
| Q1 25 | $-628.0M | $1.5B | ||
| Q4 24 | $-1.1B | $1.4B | ||
| Q3 24 | $-708.0M | $469.0M | ||
| Q2 24 | $-236.0M | $358.0M |
自由现金流率CNPNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | -29.0% | 56.1% | ||
| Q3 25 | -24.1% | 17.0% | ||
| Q2 25 | -29.1% | 16.4% | ||
| Q1 25 | -21.2% | 47.7% | ||
| Q4 24 | -51.0% | 46.7% | ||
| Q3 24 | -38.3% | 16.8% | ||
| Q2 24 | -12.4% | 13.6% |
资本支出强度CNPNOW
| Q1 26 | — | — | ||
| Q4 25 | 60.7% | 6.7% | ||
| Q3 25 | 61.4% | 6.9% | ||
| Q2 25 | 57.8% | 5.9% | ||
| Q1 25 | 35.1% | 6.6% | ||
| Q4 24 | 91.3% | 8.6% | ||
| Q3 24 | 45.6% | 7.2% | ||
| Q2 24 | 42.6% | 10.0% |
现金转化率CNPNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 2.93× | 5.58× | ||
| Q3 25 | 2.53× | 1.62× | ||
| Q2 25 | 2.83× | 1.86× | ||
| Q1 25 | 1.38× | 3.65× | ||
| Q4 24 | 3.58× | 4.26× | ||
| Q3 24 | 0.70× | 1.55× | ||
| Q2 24 | 2.53× | 2.37× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CNP
| Electric Segment | $945.0M | 39% |
| Electric | $890.0M | 37% |
| Other | $603.0M | 25% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
